DNOW CEO exercises options and sells shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
DNOW Inc. President and CEO David A. Cherechinsky exercised stock options for 256,142 shares of common stock on August 10, 2026, at exercise prices of $9.53 and $10.26 per share, and sold the same total number of shares at $16.73 per share in open-market or private transactions. The options referenced in the filing vest in three equal installments, and the transactions were not reported as made under a Rule 10b5-1 trading plan.
Insider Trade Summary
Exercise and Sale: 256,142 shares ($1.70M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Cherechinsky David A
Role
President and CEO
Sold
256,142 shs ($4.29M)
Approx. gross sale proceeds
$4.29M
Approx. exercise cost
$2.59M
Approx. pre-tax spread
$1.70M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) F1 | 57,929 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (Right to Buy) F2 | 198,213 | $0.00 | $0.00 |
| Exercise | Common stock | 57,929 | $9.53 | $552K |
| Sale | Common stock | 57,929 | $16.73 | $969K |
| Exercise | Common stock | 198,213 | $10.26 | $2.03M |
| Sale | Common stock | 198,213 | $16.73 | $3.32M |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 contracts (Direct);
Common stock — 1,163,864 shares (Direct)
Footnotes (2)
- F1. Options vest in three (3) equal installments commencing on the date indicated.
- F2. Options vest in three (3) equal installments commencing on the date indicated.
Key Figures
Options exercised (grant 1): 57,929 shares
Options exercised (grant 2): 198,213 shares
Total shares sold: 256,142 shares
+3 more
6 metrics
Options exercised (grant 1)
57,929 shares
Non-Qualified Stock Option exercised on August 10, 2026 at $9.53
Options exercised (grant 2)
198,213 shares
Non-Qualified Stock Option exercised on August 10, 2026 at $10.26
Total shares sold
256,142 shares
Common stock sales on August 10, 2026
Sale price
$16.73 per share
Price for common stock sales on August 10, 2026
Option exercise price 1
$9.53 per share
Exercise price for 57,929 options into common stock
Option exercise price 2
$10.26 per share
Exercise price for 198,213 options into common stock
Key Terms
Non-Qualified Stock Option, exercise price, Rule 10b5-1, open market or private transaction
4 terms
Non-Qualified Stock Option financial
"security_title: Non-Qualified Stock Option (Right to Buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
exercise price financial
"conversion_or_exercise_price: 9.5300 and 10.2600 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Rule 10b5-1 regulatory
"Rule 10b5-1 trading plan checkbox was not affirmatively marked"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DNOW (DNOW) report for its CEO on August 10, 2026?
DNOW reported that CEO David A. Cherechinsky exercised options for 256,142 shares and sold 256,142 shares of common stock on August 10, 2026, in open-market or private transactions.
How many DNOW (DNOW) stock options did the CEO exercise in this Form 4?
CEO David A. Cherechinsky exercised 256,142 stock options in total, consisting of 57,929 options at $9.53 and 198,213 options at $10.26, each converting into the same number of common shares.
Were the DNOW (DNOW) CEO’s August 2026 trades under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating the reported August 10, 2026 exercises and sales were not affirmatively stated as made under a Rule 10b5-1 trading plan.
What do the footnotes in the DNOW (DNOW) CEO Form 4 say about option vesting?
The footnotes state that the options vest in three equal installments commencing on the dates indicated. This vesting description applies to the option grants exercised for 57,929 and 198,213 shares reported in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
